zinfamous
No Lifer
- Jul 12, 2006
- 111,136
- 30,085
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Uhh... lets be real.
This is what the taxfoundation said about the Trump tax plan effect :
":According to the Tax Foundation’s Taxes and Growth Model, the Trump tax plan would increase the long-run size of the economy by 6.9 percent under the higher-rate assumption, or 8.2 percent under the lower-rate assumption (Table 2). The larger economy would result in 5.4 percent higher wages and a 20.1 percent larger capital stock under the higher-rate assumption, or 6.3 percent higher wages and a 23.9 percent larger capital stock under the lower-rate assumption. The plan would also result in 1.8 million more full-time equivalent jobs under the higher-rate assumption, or 2.2 million more under the lower-rate assumption."
Or, you could be rooting to have this, the Hillary plan :
"According to the Tax Foundation’s Taxes and Growth Model, Secretary Clinton’s tax plan would reduce the economy’s size by 2.6 percent in the long run (Table 2). The slightly smaller economy would lead to 2.1 percent lower wages, a 6.9 percent smaller capital stock, and 697,000 fewer full-time equivalent jobs. The smaller economy results from somewhat higher marginal tax rates on capital and labor income."
ah yes, because this always assumes that supply-side economics works and those mythical jobs are a given result of this fantasy.
Problem with that, is it is roundly proven, and we have been living in that proof, that this bullshit doesn't work.
